Data as of Nov 4, 2026.
KNCT vs NXTG: Holdings Overlap & Returns
Over the year to Nov 4, 2026, KNCT returned +34.8% to NXTG's +36.7%; 28% of their weight is in the same names.
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Net assets on Nov 3, 2026: $142m for Invesco Next Gen Connectivity ETF and $526m for First Trust Indxx NextG ETF.
65% of KNCT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Nov 3, 2026.
38% of NXTG's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
KNCT costs 0.30 points a year less; their one-year returns differ by 1.9 points; NXTG is 3.7 times larger.
Points (pts) are percentage points.
| Measure | KNCT | NXTG |
|---|---|---|
| Return | ||
| Total return, 1 year | +34.8% | +36.7% |
| Drawdown | ||
| Below its all-time high | 18.6%, high on Jun 2, 2026 | 13.3%, high on Jun 2, 2026 |
| Against its benchmark | ||
| What it tracks | Digital infrastructure and data centers | Digital infrastructure and data centers |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | ahead by 21.7 pts | |
| Cost and size | ||
| Expense ratio | 0.40% | 0.70% |
| Net assets, as of Nov 3, 2026 | $142m | $526m |
| Holdings | ||
| Holdings in common | 28% | |
Risk and return
Feb 25, 2011 to Oct 30, 2026 · 818 weekly returnsFrom Feb 2011 to Oct 2026, KNCT returned more: +605.6% to +508.0%. NXTG swung less: 18.3% to 22.3%. NXTG fell slightly less at its worst: −33.2% to −34.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | KNCT | NXTG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +605.6% | +508.0% | KNCT | Price change plus distributions, reinvested. |
| Annualized | +13.2% | +12.2% | KNCT (slight) | Total return as a yearly rate. |
| Price return | +535.2% | +388.9% | KNCT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 18.3% | NXTG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.4% | 12.6% | NXTG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −34.0% | −33.2% | NXTG (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.60 | 0.63 | NXTG (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.86 | 0.91 | NXTG (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.39 | 0.37 | KNCT (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 818 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, KNCT and NXTG hold 28% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
28% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | KNCT | NXTG | KNCT | NXTG |
| 3 months | −9.0% | −3.4% | not measured | −2.1 pts vs ACWI |
| 6 months | −1.9% | +2.0% | not measured | −0.6 pts vs ACWI |
| 1 year | +34.8% | +36.7% | not measured | +21.7 pts vs ACWI |
| 3 years | +131.9% | +120.0% | not measured | +42.4 pts vs ACWI |
| Since launchNot the same days: KNCT Jun 2005 · NXTG Feb 2011 | +1,217.0% | +493.5% | not measured | +153.7 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
28% of the two portfolios are the same securities at the same weight.
Client brief:
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KNCT
By weight, 65% of KNCT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 57% of the fund across 103 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +34.8% with distributions reinvested. It sits 18.6% below its all-time high of Jun 2, 2026.
NXTG
By weight, 38% of NXTG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 18% of the fund across 99 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +36.7% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 21.7 pts. It sits 13.3% below its all-time high of Jun 2, 2026.
Questions people ask
- Do KNCT and NXTG hold the same stocks?
- By their latest filings, 28% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, KNCT against NXTG, data as of Nov 4, 2026. https://etfiq.com/compare/themes/knct-vs-nxtg
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